US President Barack Obama and Chinese President Xi Jinping praise each other on willingness to work together. Julie Noce reports.
Chinese President Xi Jinping pledged to further open the economy as leaders of the Asia-Pacific countries met in Lima for the annual APEC summit. The push comes after Donald Trump, who was named the U.S. president elect, promised to scrap the Trans-Pacific Partnership during his campaign. During what was their last meeting together, Xi and US President Barack Obama both stressed their continued willingess to work together and find compromise. We meet at a hinge moment in the China-U.S. relationship, President Xi said. I hope we can work together to focus on cooperation, and to make sure there's a smooth transition that will continue to grow in the future. Later during a meeting with young people on the sidelines of the summit, Obama said he was working to help smooth some of the hiccups that would inevitably arise when Trump takes office. (SOUNDBITE) (English) U.S. PRESIDENT BARACK OBAMA, SAYING: "There are going to be tensions that arise, probably around trade more than anything else, because the president-elect campaigned on looking at every trade policy and potentially reversing some of those policies but once they look at how it's working, I think they will determine that it's actually good both for the United States and our trading partners." The APEC summit will end on Sunday.